LAWRENCEVILLE, Ga.—After a couple of weeks of having their simulcast sales closed, the Automobile Dealer Exchange Services of America (ADESA) was able to reopen numerous locations last week.
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WASHINGTON–Although the in-person race itself was cancelled due to the coronavirus pandemic, the Credit Union Cherry Blossom Ten Mile Run still managed to raise $400,000 for Children’s Miracle Network hospitals.
WASHINGTON–The FBI is warning against another type of fraud stemming from the coronavirus pandemic.
ARLINGTON, Va.—In the midst of increased uncertainty and disruption, the ACH Network is operating normally thanks to the hard work of financial institutions, NAFCU reported.
ALEXANDRIA, Va.–Members of the NCUA board are urging more credit unions and corporates to join the Central Liquidity Facility (CLF) “for the good of the cause,” with its members noting doing so “increases exponentially” the ability of CUs to respond to the coronavirus pandemic.
ALEXANDRIA, Va.–By a 2-1 vote, the NCUA board has approved a final rule that increases the threshold level below which appraisals would not be required for residential real estate-related transactions to $400,000 from $250,000.
ALEXANDRIA, Va.—In a 3-0 vote, the NCUA board has approved putting out for 45-day comment an interim final rule amending the agency’s regulations requiring appraisals of real estate for certain transactions.
ALEXANDRIA, Va.–During NCUA’s first-ever virtual meeting, members of the agency’s board expressed their concerns over meeting liquidity needs of credit unions—especially in 2021—and expressed support for an increase in the MBL cap, while two of its members repeated their call to give the agency examination authority over third-party vendors.
WASHINGTON–The Paycheck Protection Program needs some protection of its own, with the federal government indicating it was on track to deplete its $349-billion in funding by Wednesday night.
WASHINGTON–Legislation has been introduced in Congress that would exempt all member business loans (MBLs) made during the declared coronavirus pandemic from the MBL cap for three years.